Louisiana Revised Statutes 37:2162 – When two or more persons bid, contract, or perform construction work as a joint venture on any project for which a contractor’s license is required, the joint venture is required to
Terms Used In Louisiana Revised Statutes 37:2162
- Board: means the State Licensing Board for Contractors. See Louisiana Revised Statutes 37:2150.1
- Contract: means an agreement to perform a scope of work that is regulated by this Chapter. See Louisiana Revised Statutes 37:2150.1
- Contract: A legal written agreement that becomes binding when signed.
- contractor: includes persons who receive an additional fee for the employment or direction of labor, or any other work beyond the normal architectural or engineering services. See Louisiana Revised Statutes 37:2150.1
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
When two or more persons bid, contract, or perform construction work as a joint venture on any project for which a contractor‘s license is required, the joint venture is required to be properly licensed by the board at the time of bid, contract, and performance of work in the classification for which the joint venture will perform work. This requirement applies to but is not limited to a corporation, limited liability company, limited liability partnership, general partnership, and any other entity operating as a joint venture on a project for which a contractor’s license is required from this board. This licensing requirement is required before persons or contractors are permitted to bid, contract, or perform work on a project for which a license is required regardless of whether they intended to operate as a joint venture.
Acts 1992, No. 681, §1, eff. July 6, 1992; Acts 1995, No. 808, §1; Acts 1997, No. 380, §1; Acts 1997, No. 772, §1; Acts 2001, No. 968, §1; Acts 2007, No. 398, §1; Acts 2009, No. 156, §1; Acts 2019, No. 371, §§1, 2; Acts 2020, No. 102, §1; Acts 2022, No. 195, §1.